NEW-MED CONFERENCE

ENERGY TRENDS AND OPPORTUNITIES: MEDITERRANEAN PERSPECTIVES

13 APRIL 2018 | 09:30–16:30

UNITED NATIONS BUFFER ZONE HOME FOR COOPERATION 28 MARCOU DRACOU STREET, NICOSIA - CYPRUS

This workshop is organized by IAI-PRIO-GMF in the context of the New-Med initiative. The latter is a public-private partnership effort to promote Track II dialogue on a number of security and co- operation issues in the Mediterranean, including policy areas addressed by the OSCE in the context of its Mediterranean Partnership. The workshop comes on the heels of OSCE Mediterranean Contact Group meetings on “Energy security in times of economic and political uncertainty - looking green at the future of the Mediterranean“ (Vienna, 12 June 2017) and “Energy Security / Critical Energy Infrastructure Security”, (Vienna, 19 March 2018), in line with the priorities of Italy and Slovakia respectively as the Chairs of 2017 and 2018 Mediterranean Contact Groups.

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NEW-MED CONFERENCE – NICOSIA, 13 APRIL 2018 ENERGY TRENDS AND OPPORTUNITIES: MEDITERRANEAN PERSPECTIVES

AGENDA

9:00 Registration of Participants

9:30 Introductory Remarks HARRY TZIMITRAS Director, PRIO Cyprus Centre, Nicosia LORENZO KAMEL Senior Fellow, IAI & Senior Lecturer, LUISA BALBI Programme Officer, Office of the Secretary General, External Co-Operation, Organization for Security and Cooperation in Europe (OSCE), Vienna MARTA DIONISIO Policy Planning Unit, Italian Ministry of Foreign Affairs and International Cooperation, Rome NICOLÒ RUSSO PEREZ Head of International Affairs Programme, Compagnia di San Paolo of Turin

10:00 Session I – Conceptualizing Energy Trends: The Historical Dimension 1908 marked one of the major turning points in the contemporary history of both the Middle East and Europe. It was the year of the discovery of oil reserves by the Anglo-Persian Oil Company (APOC) in Masjed Soleyman (Iran): the first big petroleum finding in the region that set off a wave of exploration, extraction and exploitation destined to change the world’s history. Since then, and particularly following the 1973 oil crisis, energy issues have had a far-reaching political, cultural, and social impact in the Eastern Mediterranean and neighbouring areas. Session I will shed light on this impact, providing a historical perspective on energy issues and a deeper understanding of the ongoing geopolitical dynamics.

Chair: ETTORE GRECO Executive Vice-President, IAI, Rome

Panelists: KIREN CHAUDHRY Associate Professor of Political Science, University of California, Berkeley GIULIANO GARAVINI Senior Research Fellow in the Humanities, New York University Abu Dhabi ROBIN MILLS Chief Executive Officer, Qamar Energy, Dubai PAUL RIVLIN Senior Research Fellow, Moshe Dayan Center for Middle Eastern and African Studies, Tel Aviv University

11:30 Coffee Break

11:45 Session II – The Current Energy Landscape: A Pragmatic Appraisal For nearly a decade natural resources discoveries in the region have sparked a lively debate regarding their potential to aggravate existing conflicts or facilitate cooperation and peace. Indeed, oil and gas findings and potential reserves have led to some realignments between the states of the region, but also had huge economic implications. Session II will attempt to critically evaluate energy prospects in the region, and their potential contribution to European energy security. In parallel, an effort will be made to realistically assess the peace potential of hydrocarbons in view of the rising regional challenges. The session will also reflect on the role of the OSCE as a platform for growing pragmatic efforts to promote energy security dialogue, to ensure its continuity and facilitate the sharing of best practices between participating States and OSCE Mediterranean Partners for Co- operation.

Chair: CHARLES ELLINAS Chief Executive Officer, EC Cyprus Natural Hydrocarbons Company Ltd (eCNHC), Nicosia

NEW-MED CONFERENCE – NICOSIA, 13 APRIL 2018 ENERGY TRENDS AND OPPORTUNITIES: MEDITERRANEAN PERSPECTIVES

Panelists: ELLEN SCHOLL Deputy Director, Global Energy Center, Atlantic Council, Washington TAREQ BACONI Policy Fellow, Middle East and North Africa, UK Programme, European Council on Foreign Relations (ECFR), London NICOLÒ SARTORI Head of Programme-Energy, Climate & Resources, IAI, Rome DANIEL KROOS Senior Programme Officer for Energy Security, Office of the Coordinator of Economic and Environmental Affairs, Organization for Security and Cooperation in Europe (OSCE), Vienna

13:15 Lunch

14:30 Session III – Future Energy Scenarios: What’s next for the Mediterranean? In the past decade, the global energy system has undergone rapid and unexpected changes. The US shale gas production has increased by more than a factor of ten, with US gas imports reaching their lowest level since the early 80s. Renewable - in particular solar - energy costs have come down considerably, and after the Fukushima nuclear disaster, many developed nations have chosen to exit (renounce) their nuclear energy programs. In the next decade energy developments might be equally unpredictable, affecting the Eastern Mediterranean region in different ways. Session III will discuss the emerging energy trends and their influence on environmental and energy co-operation essential for good neighbourly relations in Mediterranean region and beyond.

Chair: LEONIDAS PANTELIDES Former Director of Middle East and North Africa Division, Cyprus Ministry of Foreign Affairs and Former Ambassador Extraordinary and Plenipotentiary of the Republic of Cyprus to the USA, Nicosia

Panelists: JANE BURSTON Director of Energy & Environment, National Physics Laboratory & Future of Energy Council, World Economic Forum, UK MEHMET ÖĞÜTÇÜ Founder and Chief Executive Officer, Global Resources Partnership, UK VALERIA TERMINI Vice-President, Association of Mediterranean Energy Regulators (MEDREG); Professor of Economics, Roma Tre University, Rome BASSAM FATTOUH Director, Oxford Institute for Energy Studies, UK

16:00 Concluding Remarks BEATA SLOMINSKA Energy Diplomacy Officer, Division of Economic and Global Issues, European Union External Action (EEAS), Brussels KATARINA ZAKOVA Deputy Head of Mission, Permanent Mission of the Slovak Republic to the Organization for Security and Co-operation in Europe, Vienna

16:30 End of the Conference

NEW-MED CONFERENCE – NICOSIA, 13 APRIL 2018 ENERGY TRENDS AND OPPORTUNITIES: MEDITERRANEAN PERSPECTIVES

BIOGRAPHIES

Bassam Fattouh is Director of the Oxford Institute for Energy Studies and Professor at the School of Oriental and African Studies, University of London. He specialises in international oil pricing systems, OPEC pricing power, security of Middle Eastern oil supplies, and the dynamics of oil prices and oil price differentials. He has published a variety of articles on oil and gas topics and his publications have appeared in academic and professional journals. Dr. Fattouh served as a member of an independent expert group established to provide recommendations to the 12th International Energy Forum (IEF) Ministerial Meeting for strengthening the architecture of the producer-consumer dialogue through the IEF. He also acts as an adviser to governments and industry, and is a regular speaker at international conferences.

Beata Slominska is Energy Diplomacy Officer at Economic and Global Issues Division, European External Action Service. Previously, for over 9 years Senior Analyst on the transatlantic relations in the Department of Americas, Ministry of Foreign Affairs of Poland and Analyst on the EU internal market and programming of the Polish Presidency in the EU in the Economic Department of the EU, Ministry of Foreign Affairs of Poland. Author of publications on the economic and energy aspects of EU and US policies. Graduate of the College of Europe and fellow of the Weatherhead Center for International Affairs, Harvard University.

Charles Ellinas has over 35 years’ experience in the oil & gas sector in senior management positions. Currently he is the CEO of e-CNHC (E-C Cyprus Natural Hydrocarbons Company Ltd), providing management and advisory services in the oil & gas and energy sectors in Cyprus and the region. A lot needs to be done and the aim of the company is to contribute to the successful development of these sectors for the future of Cyprus. Prior to this, as CEO of KRETYK, he was responsible for implementing the Cyprus government’s strategy for the development of its hydrocarbons sector. Until 2012 he was a Director of Mott MacDonald for 25 years and the Managing Director of Mott MacDonald’s Oil, Gas & Petrochemicals business world-wide.

Daniel Kroos studied Law, Business and International Relations in Berlin and Washington DC. He has advised Policy Planning Council of the German Federal Foreign Office in Berlin, the European Commission in Brussels and British Petroleum in Baku, Azerbaijan on energy issues. From 2008-2010 he served as Deputy Director of the German Chamber of Commerce in Baku, Azerbaijan. Before joining OSCE he led the oil & gas practice as Vice President of BTO Management Consulting AG in Berlin and Zürich, managing international projects in M&A, post-merger integration and optimization in the oil & gas industry. Daniel currently serves as Senior Programme Officer for Energy Security at the Office of the Co-ordinator of Economic and Environmental Affairs (OCEEA) at the OSCE Secretariat in Vienna, advising on regional energy security issues as well as renewable energy.

Ellen Scholl is deputy director at the Atlantic Council’s Global Energy Center. Ellen has worked on a range of energy issues throughout her career, most recently as Robert Bosch fellow at the German Institute for International and Security Affairs (SWP) and the Federation of German Industries (BDI). She also has over five years of energy-related legislative experience, having handled an energy portfolio as committee staff for the US Congress and Texas Senate. Her work on energy and geopolitics and energy governance has been published by SWP, and her work has appeared in the Berlin Policy Journal, the European Energy Journal, Foreign Policy, and Lawfare, among others.

NEW-MED CONFERENCE – NICOSIA, 13 APRIL 2018 ENERGY TRENDS AND OPPORTUNITIES: MEDITERRANEAN PERSPECTIVES

Ettore Greco is Executive Vice President of the IAI and also heads the Italy's foreign policy and the Multilateralism and global governance programmes of the institute. He was also Director of the IAI from 2008 to 2017. He worked as visiting fellow at the Brookings Institution from January 2006 to July 2007. He taught at the universities of Parma and Bologna. From 2000 to 2006 he worked as correspondent for the Economist Intelligence Unit. From 1993 to 2000 he directed the IAI's program on Central and Eastern Europe. He was also Deputy Director of the IAI from 1997 to 2008. From 2000 to 2006 he was Editor of The International Spectator. He is the author of a number of publications on the EU's institutions and foreign policy, transatlantic relations and the Balkans. He has been a free-lance journalist since 1988.

Giuliano Garavini is a historian, currently Braudel Fellow at the EUI in Florence, and Senior Research Fellow at NYU Abu Dhabi. He has written on European integration and decolonisation publishing among the others: After Empires: European Integration, Decolonization and the Challenge from the Global South 1957-1986 (OUP, 2012). More recently he has focused on the history of energy, and in particular of petroleum, dealing with some of the key international energy events of the 1970s and 1980s. He has guided the Padua unit of the FIRB project Engines of Growth. Among the publications he co-edited: Oil Shock. The 1973 Crisis and its Economic Legacy (IB Tauris, 2016), and Counter-Shock. The Oil Counter-Revolution of the 1980s (IB Tauris, 2018). His next book, a history of OPEC forthcoming with OUP, is provisionally entitled: Lords of Land. Petrostates and the Rise and Fall of OPEC in the 20th Century.

Harry Tzimitras is the Director the Peace Research Institute Oslo - PRIO Cyprus Centre. In this capacity, he coordinates research and dialogue activities on the search for a political settlement to the island’s division. He is also Senior Fellow of the Atlantic Council in Washington, D.C. He is Associate Professor of International Law and International Relations, specializing in the law of the sea, energy geopolitics, foreign policy, and the Eastern Mediterranean. Previously, he has been with Istanbul Bilgi University, Koç University, the University of Cambridge and the Institute of International Relations, Athens.

Jane Burston leads the Climate, Environment and Energy work at the National Physical Laboratory. Her team of 150 scientists and engineers deliver £18m pa research and commercial work on emissions measurement, air pollution, climate monitoring and energy technologies. Jane is also acting Head of Science for Climate and Energy at the Department for Business, Energy and Industrial Strategy. In this role she is responsible for the UK emissions inventory, UK climate science programmes and the BEIS Energy Entrepreneurs Fund. Jane is a member of the World Economic Forum Global Future Council on Energy. She has received a number of recognitions for her work, including being named one of the ‘40 under 40 European Young Leaders’ by Friends of Europe and one of the ‘Top Twenty Outstanding Young People of the Year’ globally by the International Chamber of Commerce.

NEW-MED CONFERENCE – NICOSIA, 13 APRIL 2018 ENERGY TRENDS AND OPPORTUNITIES: MEDITERRANEAN PERSPECTIVES

Katarína Žáková studied at the Faculty of Mathematics and Physics and at the Institute of International Relations at the Faculty of Law, both at the University of Comenius in Bratislava She joined the Slovak Ministry of Foreign and European Affairs in 1992. There she supported bilateral relations of Slovakia with various countries, worked at the Analysis and Planning Department and in 2006 she turned her focus to multilateral diplomacy issues as a head of the OSCE Section in the Department of Disarmament and Counter—Terrorism. Her professional career includes postings at the Slovak Embassy in London and the Slovak Permanent Mission to International relations in Vienna. In 2017 she was Head of the Taskforce for preparation of the Slovak OSCE Chairmanship (2019) and since January 2018 has been posted to Vienna as Ambassador, Deputy Permanent Representative of Slovakia to the OSCE.

Kiren Aziz Chaudhry teaches at the University of California, Berkeley. She joined the faculty of the Department of Political Science after receiving her PhD from Harvard. She is author of two books, The Price of Wealth: Economies and Institutions in the Middle East and North Africa (Cornell University Press, 1997) and Trauma and Memory in Istanbul (Forthcoming, Cornell University Press). Chaudhry’s work has mainly been in the field of Political economy. More recently, she has been interested in questions of psycho-history, displacement, and social trauma as these phenomena arise in the context of global capitalism. She has done field research in Saudi Arabia, Yemen, Iraq, Algeria, India, Pakistan and .

Leonidas Pantelides has just retired after 31 years of serving as a member of the Diplomatic Service of the Republic of Cyprus. He has served as ambassador to The United States, Russia, Greece, Sweden and the United Nations in Geneva. He has also served as Director for the Middle East in the Cypriot Ministry of Foreign Affairs. His educational background is in Philosophy where he holds a Ph.D from the University of Kent at Canterbury.

Lorenzo Kamel is a Senior Lecturer at the Univ. of Bologna, where he teaches History of Colonial and Post-Colonial Spaces, and a Senior Fellow at IAI, where he serves as scientific director of 'New-Med', director of the books & of the research studies series, and IAI scientific coordinator of 'Menara'. He was a Marie Curie Experienced Researcher at the University of Freiburg's Institute for Advanced Studies, and served as a Postdoc Fellow at Harvard University’s Center for Middle Eastern Studies for two years. He published 8 books on Med affairs, including 'Imperial Perceptions of Palestine: British Influence and Power in Late Ottoman Times' (I.B. Tauris), awarded with the 1st prize of the 2016's Palestine Book Award. Other publications include about 30 articles on academic journals such as the British Journal of Middle Eastern Studies, Peace and Change, Eurasian Studies, New Middle Eastern Studies, Passato e Presente, Oriente Moderno, Mediterranean Politics, The International Spectator.

NEW-MED CONFERENCE – NICOSIA, 13 APRIL 2018 ENERGY TRENDS AND OPPORTUNITIES: MEDITERRANEAN PERSPECTIVES

Luisa Balbi is Programme Officer at the Organization for Security and Co-operation in Europe, Office of the Secretary General, External Co-operation. At the OSCE Luisa is in charge of Track II initiatives related to the OSCE Mediterranean Partnership and relations with Multilateral Development Banks. Luisa also served as a Human Dimension Officer at OSCE Mission in Kosovo and previously at the Office of the OSCE Special Representative for Combating Trafficking in Human Beings. Prior to that, she worked for UNICEF in Cairo and as a researcher for an EU Aid project in Damascus. Luisa joined the OSCE from the European Bank for Reconstruction and Development (EBRD), where she was managing technical assistance projects in the Mediterranean region on economic and environmental governance. Luisa holds an MBA from LUISS Business School, Rome and the University of San Diego, California (US) and an MA in International and Diplomatic Sciences from the University of Genoa (Italy).

Marta Dionisio is a career Diplomat, currently working as junior officer at the Italian Ministry of Foreign Affairs and International Cooperation. She was born in Rome in 1992 and studied International Relations and Global Affairs at LUISS University in Rome, Sciences Po Paris and MGIMO University in Moscow. Since December 2017 she works at the Policy Planning Unit of the Italian Ministry of Foreign Affairs, which is headed by Min. Plen. Armando Barucco.

Mehmet Öğütçü is an internationally recognized authority on energy, investment, finance and geopolitics over the past 35 years. Currently, Mr. Öğütçü chairs Global Resources Partnership, UK, sits on the boards of Genel Energy plc, Sisecam Group plc and Saudi Crown Holding, serves as Special Envoy of the Energy Charter for MENA region, and as Executive Chair of the Bosphorus Energy Club. Following diplomatic assignments in Ankara, Beijing, Brussels and Paris, Mr. Öğütçü served for 12 years as a senior staffer at the International Energy Agency and OECD in Paris, managing energy security and international investment programs. Until 2011, he was director of BG Group’s international government affairs in London, managing high-level government engagements and new business development around the world. Mr. Öğütçü is a graduate of Turkey’s School of Political Sciences, London School of Economics (MSc) and College d’Europe (MA), Bruges. He is an occasional lecturer at London School of Economics’ Enterprise Executive Programme, Harvard University, Dundee University, University of Reading and Peking University’s School of Government since 2005. He writes and lectures extensively around the world on energy, investment and geopolitical matters. He is fluent in Turkish, English, French and Chinese Mandarin (conversational).

Nicolò Russo Perez is Coordinator of International Affairs, Compagnia di San Paolo. Nicolò is the Coordinator of International Affairs Program of the Compagnia di San Paolo foundation, based in Torino, Italy. In this capacity, he is in charge of several grant-making and operational activities promoted by the foundation in the field of international relations, covering transatlantic and European studies, as well as Mediterranean and emerging countries affairs, and including the multi-year Strategic Partnership Agreements with The German Marshall Fund of the United States and Istituto Affari Internazionali, of which he is also a member of the Executive Committee. A council member of the European Council on Foreign Relations, Nicolò is currently serving also on the Board of ITHACA (operating in the field of acquisition and elaboration of geographic and cartographic data), as well as on the Scientific Board of the NATO Defense College Foundation in Rome. He is also a member of the Strategic Reflection Group on European affairs set up by the Italian Presidency of the Council of Ministers. Previously, he worked at the European Commission, at the International Labour Organization and was a senior associate fellow at the EUISS in Paris.

NEW-MED CONFERENCE – NICOSIA, 13 APRIL 2018 ENERGY TRENDS AND OPPORTUNITIES: MEDITERRANEAN PERSPECTIVES

Nicolò Sartori, MA, is Senior Fellow and Head of the Energy, Climate & Resources Programme at the Istituto Affari Internazionali (IAI). His research focuses on the external dimension of EU energy policy, as well as on the process of European integration in the energy and climate domain. He is Professional Fellow at the World Energy Council (WEC) Italy, and editor of the column ‘Centers of Gravity’ in the international review Oil Magazine. He served as faculty advisor at the NATO Defense College in Rome, where he also conducted research on NATO's role as energy security provider in the Caspian region. He holds a BA in International and Diplomatic Studies from the School Roberto Ruffilli in Forlì and an MA in International Relations from the University of Bologna. Nicolò gives lectures on international and European energy policies to different academic institutions, in particular he is guest lecturer on ‘The Development of the Southern Gas Corridor’ at Sciences Po’s Master in International Energy, and at the LUISS Guido Carli's Master in International Security.

Paul Rivlin PhD, is senior fellow at the Moshe Dayan Center for Middle East and African Studies, Tel Aviv University and visiting professor at the Interdisciplinary Center, Herzliya. He studied at Cambridge, London and Harvard Universities and is the author of five books: The Dynamics of Economic Policy Making in ; The Israeli Economy; Economic Policy and Performance in the Arab World, The Israeli Economy from the Foundation of the State to the Twenty-First Century and Arab Economies in the Twenty-First Century as well as monographs, papers and contributions to books on economic development in the Middle East, international energy markets, defense and trade economics. He has taught at Tel Aviv, Ben Gurion and London Universities and has been a visiting professor at Emory University. He is the editor of Iqtisadi, the Middle East economics publication of the Dayan Center.

Robin Mills is the CEO of Qamar Energy, based in Dubai. Mr. Mills is an expert on Middle East energy strategy and economics. He is the author of two books, The Myth of the Oil Crisis and Capturing Carbon, columnist on energy and environmental issues at Bloomberg and The National, and comments widely on energy issues in the media, including the Financial Times, Foreign Policy, The Atlantic, CNN, BBC, Sky News and others. He worked for a decade for Shell, concentrating on new business development in the Middle East, followed by six years with Dubai Holding and the Emirates National Oil Company, and spent two years as Non-Resident Fellow for Energy at the Brookings Doha Center. He is a fellow of the Columbia SIPA Center on Global Energy Policy and a senior fellow at the Iraq Energy Institute. He holds a first-class degree in Geology from the University of Cambridge, and speaks five languages including Farsi and Arabic.

Tareq Baconi is a policy fellow with ECFR’s Middle East and North Africa programme where he focuses on the politics of natural resources in the Middle East and North Africa. His previous publications with ECFR include "Pipelines and Pipedreams: How the EU can support a regional gas hub in the Eastern Mediterranean". Baconi has worked as a consultant in the energy sector, most recently as a managing consultant in Navigant’s energy practice in London. Alongside his advisory work, he has pursued research projects relating to the contemporary geopolitics of the region, particularly -Palestine and Islamic movements. Baconi’s book, "Hamas Contained: The Rise and Pacification of Palestinian Resistance" is forthcoming with Stanford University Press in May 2018. Tareq has been a Visiting Fellow at Columbia University’s Middle East Institute and his writings have appeared in Foreign Affairs, Sada: Carnegie Endowment for International Peace, The Guardian, The Daily Star and Al Ghad. He has provided commentary on Middle East affairs to National Public Radio, Democracy Now, and Al Jazeera.

NEW-MED CONFERENCE – NICOSIA, 13 APRIL 2018 ENERGY TRENDS AND OPPORTUNITIES: MEDITERRANEAN PERSPECTIVES

Valeria Termini is Full Professor of Economics at Roma Tre University, teaching Geopolitics of Energy and Climate Change. She serves as Commissioner of the Italian Regulatory Authority for Energy, Networks and Environment (since 2011) and Vice President of Mediterranean Energy Regulators (MEDREG). She was Vice President of the Council of European Energy Regulators (CEER) - 2013-2017, President of the International Association of Schools and Institutes of Administration (IASIA) and a member of the United Nations Committee of Experts on Public Administration. She led the Italian delegation for Energy and Climate Change at G8, United Nations and OECD (2007-8). Her extensive publications include works in the field of economic theory, economics and policy of energy markets, climate change, European institutions and regulation of public utilities. She earned her degrees in Economics from Bocconi University and from Cambridge University (UK). She was awarded the International PA Award from the American Society for Public Administration.